Business
True Nature Holding, Inc. Receives Georgia Board of Pharmacy Approval on Integrity Acquistion, Updates Acquisition Timing and Appoints Executive
True Nature Holding, Inc. Receives Georgia Board of Pharmacy Approval on Integrity Acquistion, Updates Acquisition Timing and Appoints Executive.
About this update from Mitesco, Inc.
[{"type":"text","content":"\n \n \n True Nature Holding, Inc. Receives Georgia Board of Pharmacy Approval on Integrity Acquistion, Updates Acquisition Timing and Appoints Executive\n \n \nTrue Nature Holding, Inc. Receives Georgia Board of Pharmacy Approval on Integrity Acquistion, Updates Acquisition Timing and Appoints Executive\n\nLeadership Consolidated Under Jim Driscoll, CEO\n\n \n ATLANTA, GA--(Marketwired - Jul 14, 2016) - True Nature Holding, Inc. (OTCQB: TNTY) (the \"Company\") today updated its shareholders by announcing that it has progressed on its acquisition strategy, consolidating a leadership position in the Compounding Pharmacy space.\n \"Over the last month we have advanced the due diligence and integration plan for the first phase of pharmacy acquisitions as well as started to build out our management team,\" said Jim Driscoll, the CEO of True Nature Holding, Inc. The following is a summary of the key actions completed in conjunction with the Company's strategy:\n ACQUISITION OF NEW COMPOUNDING PHARMACY BUSINESSES\n \n \n Integrity Compounding, Atlanta: Sells a range of women's and men's health products aimed at the mature community, such as hormone replacement therapy. Casey Gaetano, the founder, is now focused on corporate development for True Nature, including strategy, acquisitions and a national sales and marketing plan to promote the product set from True Nature network participants. Closed May 9, 2016 and True Nature received the Georgia State Board of Pharmacy approval.\n \n \n Cherokee Pharmacy, Holly Springs: Owned by Dale Coker, a noted industry leader for a number of years. Mr. Coker is the current Chairman of the International Academy of Compounding Pharmacists as well as member of Georgia Pharmacy Association, Academy of Independent Pharmacy and other key industry organizations. He has agreed to chair the company's advisory board after the sale. Under letter of intent, expected to close July 31, 2016 subject to State Board of Pharmacy approval.\n \n \n The Company is negotiating the acquisition of four additional pharmacies. It expects to close a minimum of two additional acquisitions during the second half of 2016.\n \n \n \n \n CONSOLDIATION OF THE MANAGEMENT TEAM\n The Company has consolidated its management team under the leadership of Jim Driscoll, CEO. \n Steve Keaveney, who has 25 years of Senior Finance Leadership...